The city of Montgomery, AL (zip code 36104) is an affordable city with a cost of living below the US average. Rent for two bedroom apartments is an estimated $800 per month compared to the US average of $1,430 per month, according to local real estate companies like Montgomery Realty Company and Capital City Real Estate. Grocery costs in Montgomery are also lower than other cities across the nation; the grocery cost index for Montgomery is 91 versus 100 in the United States. Living in Montgomery is an excellent option for those looking for a more affordable residential area without sacrificing quality of life.
Montgomery (zip 36104) has an unemployment rate of 5.8%. The US average is 6.0%.
Montgomery (zip 36104) has seen the job market decrease by -3.9% over the last year. Future job growth over the next ten years is predicted to be 30.3%, which is lower than the US average of 33.5%.
Tax Rates for Montgomery (zip 36104)
- The Sales Tax Rate for Montgomery (zip 36104) is 10.0%. The US average is 7.3%.
- The Income Tax Rate for Montgomery (zip 36104) is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Montgomery (zip 36104)
- The average income of a Montgomery (zip 36104) resident is $23,384 a year. The US average is $37,638 a year.
- The Median household income of a Montgomery (zip 36104) resident is $32,863 a year. The US average is $69,021 a year.